Saudi Arabia has issued its widest alerts yet in the Red Sea crisis, warning of a "red line" after the Houthis claimed Mecca itself is now a target, according to DW and Middle East Online.
The crisis is now hitting markets: Singapore's UOB Kay Hian downgraded banks and cut its Straits Times Index target over a "prolonged Middle East conflict," per The Business Times, while oil fell despite traders weighing a possible Saudi pipeline closure, per CNBC. Saudi Crown Prince Mohammed bin Salman is now seeking Egypt's backing as the attacks rattle Red Sea oil routes, AP reports.